Welcome to Hill's Personal Finance. We are honored to be hosting this edition of the Calvacade of Risk.
Reflections of a BizDrivenLife by Wilson Ng submits The Yin and Yang - It Goes Both Ways. "I once joked with a banker that he has the best business in the world -- even when he is asleep, his money is creating more money as interest is compounded upon interest. That is great if you are the creditor. But it works both ways - if you are a debtor, your interest is also being computed whether business is moving or not. We want to be entrepreneurs because once you have a business, your business can be a resource which keeps earning for you. However, until that is established, a business can also be pulling your money in. Understanding that an advantage can be a disadvantage in other situations is one of the things to understand about money and finance".
Sox First by Leon Gettler submits Six Strategies for Risky Innovations . "The rule of thumb with risky investment is that it cuts both ways. The present new opportunities for big gains but there is also the danger of being wiped out. It applies to all sorts of financial innovations, from derivatives to sub-prime mortgages. Here are six strategies for dealing with it".
Julie Ferguson of Worker's Comp Insider submits a post by Jon Coppleman, FedEx: California Quaking.The issue of whether a worker should be categorized as an employee or an independent contractor has enormous ramifications for an employer. Jon Coppelman of Workers’ Comp Insider discusses the recent court ruling in a California
The Digerati Life by Silicon Valley Blogger submits 7 Ways To Destroy Your Credit With Bad Mortgage Loans. " The high risk of subprime loans"
Eric Turkewitz of the New York Personel Injury Law Blog submits Progressive Insurance Blunders Again "Some lawyers are dumb. I don't know how else to put it. And this particular pratfall has to be the fault of an attorney".
Rickey Henderson of Riding with Rickey submits Rickey's vegas Odyssey."An article on HOW NOT to spend money. Enjoy"
Health & Health Insurance
Micheal Cannon of Cato @ Liberty submits I Challenge Paul Krugman to a debate on SCHIP."Why does Krugman think that SCHIP “works”? There is no evidence that the program is a cost-effective way of improving child health."
Insureblog by Bob Vineyard submits Automobile Health Plan. "What does your car insurance have to do with your health ceoverage? InsureBlog's Bob Vineyard draws some parallels between auto and health insurance, and how each helps to mitigate risk. ".
Jason Shafrin at Healthcare Economist submits Prescription Drug Coverage and Elderly Medicare Spending . "Can Medicare Part D reduce government expenditures? This may be the case if providing insurance for pharmaceuticals reduces the probability of inpatient hospital stays. The Healthcare Economists weighs in on the evidence"
Colorado Health Insurance Insider submits a post by Louise on An Inappropriate Relationship. " Louise discusses the risks of having the pharma industry in bed with medical schools"
Joe Kristan of RothCPA submits a post by Megan McArdle about Why can't states run single payer systems?. "I like this discussion of the disastrous results of state run "single payor" health insurance sytems. "
David E. Williams of Health Business Blog submits With Aventis (dba Lucentis) a little dab will do ya’, and that’s a problem for Genentech . "The repackaging of Avastin as Lucentis illustrates the downside risks Genentech faces from off-label use. The company's risk mitigation strategy creates new problems of its own."